6533b7d4fe1ef96bd1262009
RESEARCH PRODUCT
Climate variability, innovation and firm performance: evidence from the European agricultural sector
Manuela CoromaldiNicolò BarbieriSabrina AuciMelania Michettisubject
climate variabilityEconomics and Econometricspanel endogenous switching regression modelNatural resource economicsbusiness.industrySH3_1Socio-culturaleAmbientaleClimate-related patentAgricultureadaptationSH1_9Agricultural and Biological Sciences (miscellaneous)innovationEconomicapatentStochastic frontier approachAgricultureEconomicsAgriculture Adaptation Climate-related patent Stochastic frontier approachbusinessdescription
Abstract It is generally accepted that adaptation to climate variability requires a technological advancement strategy. However, the innovation process has received little explicit consideration in this framework. We employ a panel endogenous switching regression model to explore whether and to what extent climate variability affects firm performance through the ability to induce the development of adaptation innovations in key resource-based sectors in Europe during the period 2007–2017. Our findings confirm that the knowledge generation process at the heart of climate change adaptation technologies enhances firm performance, especially for firms in the aquaculture and fishing sub-sectors in northern European countries.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2021-09-14 | European Review of Agricultural Economics |